1. You've invested in real estate. The value of your investment only gets recalculated once every quarter. The past few quarters, the value has been $100k, $90k, $100k, $110k, $100k. What is the volatility of your investment?
2. Jim Ryan, an owner of a Burger King restaurant, assumes that his restaurant will need a new roof in 7 years. He estimates the roof will cost him $10,500 at that time. What amount should Jim invest today at 6% compounded quarterly to be able to pay for the roof? (Do not round intermediate calculations. Round your answer to the nearest cent.)
Amount to be invested $